Trading Update for Amarin Corporation (AMRN)

Posted on 03/06/2013 by Norm Sorkin

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NEW YORK (AVAFIN) -- Options traders were heavily trading call contracts during the last trading session establishing a new 3-month call volume record. A total of 4,339 put and 15,724 calls were traded where call contracts outnumbered puts 3.6:1, yielding a 0.28 ratio.

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Investors use options to manage risk and to speculate on price changes. Options can provide significant leverage if the stock moves in the right direction but aslo end up worthless if it doesn't.

Amarin Corporation PLC is engaged in the research, development and commercialization of novel drugs for cardiovascular disease.

Amarin Corporation (AMRN) opened today at $7.93 and is currently trading at $8.42, up $0.62 (+7.95%) during last trading session. To date, the stock has lost -7.69% within the last month. The daily low is $7.73 and the high is $8.69. The trading volume of 6M is above the average volume of 4M shares.

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